Cybersecurity

    Reporting on regulatory requirements, enforcement actions, and best practices to safeguard financial institutions and markets against cyber threats, data breaches, and vulnerabilities through proactive measures.

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    Cybersecurity

    Regulation Increasingly Seen as Effective Way to Boost Cyber Resilience

    By Manesh Samtani | 25/01/2023

    New report by World Economic Forum and Accenture finds that 73% of business leaders think regulations are effective in reducing cyber risks.

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    Custody & Infrastructure

    Thailand: New Crypto Custody Regulations Take Effect

    By Tung Li Lim | 19/01/2023

    The regulations provide clarity on the IT controls custody providers must have in place to mitigate cyber risks in their management of crypto wallets and keys.

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    Data Privacy

    Australia: Three Law Firms Join Forces for Medibank Class Action

    By Editors | 19/01/2023

    The class action seeks compensation for Medibank customers who had their personal and health data stolen by Russia-linked hackers in last year.

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    Cybersecurity

    China Set Out Plan to Develop Data Security Industry

    By Editors | 18/01/2023

    As part of the plan, FIs will be encouraged to invest in the field of data security and provide convenient and efficient financial services to the sector.

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    Cybersecurity

    China Further Signals End to Tech Sector Crackdown

    By Manesh Samtani | 18/01/2023

    Didi passed its security review and is allowed to resume onboarding new customers. Government entities are acquiring “golden shares” in some tech giants.

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    Cloud & Infrastructure

    China to Fully Digitalise Bank Confirmation Letter Issuance

    By Editors | 16/01/2023

    Banks are directed to allow accounting firms to use digital platforms to request and receive confirmation letters for use in audits.

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    Sustainable Finance

    Thai SEC Signs New Financial Services MoU with UK

    By Editors | 11/01/2023

    The MoU will focus on developing the FinTech sector, promoting sustainable finance, and increasing awareness of sustainable investment in Thailand and other ASEAN countries.

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    Cybersecurity

    Hong Kong’s Regulatory Landscape for Data and Technology Risk

    By Albert Yuen | 09/01/2023

    Albert Yuen and Jasmine Yung at Linklaters discuss Hong Kong’s regulatory approach to technology risk and data security.

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    Operational Risk

    Taiwan FSC Fines Cathay United Bank Again Over Outages

    By Editors | 06/01/2023

    The fine is the highest ever imposed against a bank by the FSC for IT-related issues. The bank’s president will also have his salary cut for three months.

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    Cybersecurity

    Philippines Launches Cyber Safety Campaign for Financial Customers

    By Editors | 05/01/2023

    The BSP and banking industry associations launched a new campaign to improve to cyber hygiene among financial customers.

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